SpaceX shares traded around $160 following market moves and analyst notes evaluating the rocket and satellite company's valuation and spending. Morgan Stanley reiterated an overweight rating and a $300 price target for SpaceX, describing the stock as an unusually inexpensive way to gain exposure to the artificial intelligence and space economies. [1] [2]
The company features a $2 trillion market capitalization and operates a rocket launch business alongside Starlink, its satellite internet subsidiary. Starlink reports 12 million paid subscribers, with about 3 million in the United States, and accounts for approximately 60 percent of SpaceX's top line while generating $2.6 billion in second-quarter EBITDA. [1]
Despite Starlink's profitability, financial analysts have raised questions regarding the company's accelerating capital expenditures. SpaceX spent $28.5 billion during the first six months of 2026, marking a 309 percent increase compared to the first half of 2025, with the vast majority directed toward artificial intelligence initiatives such as large data centers. [1]
Sources
- Could Investing $5,000 in SpaceX Help Make You a Millionaire? — 2026-10-05T01:30:00.000Z
- SpaceX gains after Morgan Stanley flags AI, Starship upside — 2026-10-05T14:16:36.000Z
Featured image: File:Starship – Flight 13 (Sunset).jpg by SpaceX / CC BY 2.0. Licensed image; cropped or resized for display.